Norway’s government buys satellite business for $220m
Norwegian telecommunications operator Telenor has entered into an agreement with Space Norway regarding the sale of its subsidiary Telenor Satellite. The sales price achieved NOK 2.36 billion on an enterprise value basis, or US$218.4 million. As Space Norway is wholly owned by the Norwegian G...
November 26
AsiaSat buys UK, Hong Kong-based OTT provider
Asia’s satellite player Asia Satellite Telecommunications Co. Ltd. (AsiaSat) has announced its 100% acquisition of content distribution and media solutions company Lightning International Limited. The addition of UK and Hong Kong-based Lightning into the AsiaSat portfolio has been designed to expand the company’s services and extend its clients’ reach to global audien...
July 05
Space economy is now pushing $21 billion into UK GDP
The space industry is contributing £17.5 billion (~US$21.1 billion) to the British economy, newly released government figures show. The amount the UK space sector brings to the economy has grown by £1 billion (US$1.2 billion), the Size & Health of the UK Space Industry report shows. The number of space organisations identified across the UK has risen from 1,293 to ...
March 31
Europe’s data centres in space project takes off
Thales Alenia Space, the joint company between Thales (67%) and Leonardo (33%), has been chosen by the European Commission to lead the ASCEND (Advanced Space Cloud for European Net zero emission and Data sovereignty) feasibility study for data centres in orbit, as part of Europe’s Horizon Europe research program. The study builds upon the growing digital infrastructure en...
November 30
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